Mixed-Use Building with
8617 SUTTER AVE Jamaica, NY 11417
8617 SUTTER AVE, Jamaica, NY, 11417
$1,390,000
For Sale
$1,390,000
One storefront pharmacy on the first floor with three two-bedroom residential units above.
Property Size2,800 SF
Price / SF$496.43
Days on Market228
Property Features for 8617 SUTTER AVE
General Information
- Standard status
- Active
- Size
- 2,800 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1930
Listing agency
City Realty Group
(646) 805-8688
Listed by
Emmy Cai
(646) 805-8688
Source
Xome
Added: Dec 5, 2025 Updated: Jul 21 at 5:20AM Checked: Jul 21 at 5:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of City Realty Group
Investment Insights
Based on property information with market context.
This mixed-use building offers a single storefront pharmacy on the first floor along with three residential units on the upper level. The residential configuration includes three two-bedroom units, creating a setup that combines retail and rental housing within one property.
The property is located in Jamaica, NY, with convenient access to major routes including JFK and the Belt Pkwy, and it is described as being approximately two blocks to the A train and close to S Conduit Ave.
Overall, the building provides a straightforward vertical mix of street-level pharmacy space and three residential two-bedroom apartments.
The property is located in Jamaica, NY, with convenient access to major routes including JFK and the Belt Pkwy, and it is described as being approximately two blocks to the A train and close to S Conduit Ave.
Overall, the building provides a straightforward vertical mix of street-level pharmacy space and three residential two-bedroom apartments.
Key Highlights
- Mixed‑use building with 1 storefront pharmacy on the first floor and 3 residential units above
- All 3 residential units are 2‑bedroom units
- Year built: 1930
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $129.4k | $46.20 |
| − Vacancy | −$4.9k | −$1.76 |
| EGI | $124.4k | $44.44 |
| − OpEx | −$56.0k | −$20.00 |
| NOI | $68.4k | $24.44 |
2,800 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Specialty Retail
$1.85M
$1.62M – $2.16M
NOI $129,591 @ 7.0% cap · market cap 9.32%
Second Best
Apartment 5plus
$977.8K
$855.6K – $1.14M
NOI $68,444 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$2.06M
$1.81M – $2.41M
NOI $144,493 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Priceless Nail Spa ...
Nail Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - One storefront pharmacy on the first floor with three two-bedroom residential units above.
Where is this triplex located?
The property is located at 8617 SUTTER AVE Jamaica, NY.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: Mixed‑use building with 1 storefront pharmacy on the first floor and 3 residential units above; All 3 residential units are 2‑bedroom units; Year built: 1930
